Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 1-Year High – Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $41.62 and last traded at $41.0750, with a volume of 1233750 shares traded. The stock had previously closed at $41.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Zacks Research upgraded Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Finally, Bank of America set a $43.00 price objective on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Get Our Latest Research Report on DB

Deutsche Bank Aktiengesellschaft Price Performance

The stock has a market cap of $79.69 billion, a PE ratio of 10.95, a P/E/G ratio of 0.57 and a beta of 0.96. The business has a fifty day simple moving average of $37.45 and a two-hundred day simple moving average of $34.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last announced its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.92 earnings per share for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after buying an additional 277 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth approximately $59,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $64,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

(Get Free Report)

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.

Recommended Stories

Receive News & Ratings for Deutsche Bank Aktiengesellschaft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank Aktiengesellschaft and related companies with MarketBeat.com's FREE daily email newsletter.